United Arab Emirates
45 articles
UAE Banks Raise Savings Rates as Credit Demand Outruns Deposits
Banks are advertising savings returns of up to 6.25% as lending grows faster than deposits. The funding squeeze is sharpening competition for customer money ahead of repayments to the central bank.
7X routes UAE SME finance requests to five partners
A new UAE platform sends small and medium-sized businesses' requests to banks and a finance company. Each partner sets its own eligibility rules and decides whether to lend.
Jordan Ahli Bank Names Suleiman Abu Khader Chief Wholesale Banking Officer
Jordan Ahli Bank has appointed Suleiman Abu Khader to oversee wholesale banking for corporate and institutional clients. His career spans more than 25 years, with senior roles at banks in Jordan, Iraq and international markets.
Dubai Court Hits Banks with AED 4 Million Cyber Fraud Penalty
Emirates NBD and Commercial Bank of Dubai must pay over AED 4 million to Al Tijaria Real Estate after a cyber fraud case. The ruling exposes persistent gaps in digital payment security and cross-border banking oversight.
Abu Dhabi First Bank wins court fight for South Africa entry
A South African court has cleared the way for Abu Dhabi First Bank to pursue a banking license, removing a trademark dispute that blocked its plans and opening a new front for Gulf capital in Africa's financial sector.
Abu Dhabi summit inks seven deals for 2026 investment push
Investopia Bridge 2026 in Abu Dhabi ended with seven new agreements as over 800 leaders and officials mapped out shifts in global investment and digital finance.
Emirates NBD opens VIP Privilege banking to all business clients
Emirates NBD has launched its VIP Privilege program for business banking, offering exclusive benefits, preferential rates, and a Visa Infinite Business debit card to all eligible clients who meet annual points requirements
Emirates Islamic Bank hands AED 1 million prize to disciplined saver
Emirates Islamic Bank has named Maha Ahmed Khaled as its AED 1 million grand prize winner for August 2026, spotlighting the bank's push for regular saving and Sharia-compliant financial habits through its Kunooz Millionaire Account.
Emirates NBD takes top UAE corporate governance award for 2026
World Finance has named Emirates NBD as the UAE's leading bank for corporate governance in 2026, highlighting its board discipline, ethics, and regulatory compliance.
Foreign bank branches hit new high in Saudi Arabia
Saudi Arabia now counts 49 foreign bank branches after Bank of Jordan's arrival. The international banking scene is changing fast, and the kingdom's financial landscape is shifting.
UAE Central Bank brings global banking leaders to Bangkok
Top financial leaders will gather in Bangkok this October at the invitation of the UAE Central Bank. The goal: push cross-border banking partnerships and speed up sustainable finance and digital change worldwide.
Emirates NBD wins UAE corporate governance award for 2026
Emirates NBD has been named the UAE's top institution for corporate governance in 2026 by World Finance, highlighting the bank's focus on board oversight, regulatory compliance, and long-term value.
UAE banking leaders chart new course at Abu Dhabi summit
Top officials from government, business, and academia met in Abu Dhabi to debate how technology, regulation, and long-term investment are changing the UAE's banking sector and global standing.
Emirates NBD launches AI travel assistant for UAE customers
Emirates NBD has introduced the UAE's first AI-powered travel assistant, developed with Visa and TripAdvisor, to help residents plan trips and manage travel spending with tailored recommendations and instant itinerary options.
Abu Dhabi First Bank Egypt hits record profit as digital banking takes off
Abu Dhabi First Bank Egypt posted a net profit of 7.9 billion Egyptian pounds in the first half of 2026. Digital banking, rising deposits, and strong capital are driving the bank's gains in a fast-changing Egyptian financial sector.
Emirates NBD launches rare Swiss franc green bonds
Emirates NBD has issued CHF 150 million in green bonds with a five-year term and a 1.8675% yield. The move signals a shift for UAE banks seeking sustainable funding in foreign currencies.
Emirates NBD backs major Dubai aircraft maintenance hub
A new Emirates NBD loan will fund one of the Middle East's largest independent aircraft maintenance facilities in Dubai, aiming to boost local aviation infrastructure and support the city's ambitions as a global air hub
Abu Dhabi First Bank eyes double digit credit growth by 2026
Jefferies expects Abu Dhabi First Bank to post double digit annual credit growth through 2026, fueled by government lending and non interest income. The bank is now Jefferies' top UAE stock pick with a 24.5 dirham target.
Emirates NBD and H&H Development test new Dubai mortgage model
Emirates NBD and H&H Development are piloting a mortgage for Dubai off-plan buyers, letting them borrow once half the property is paid. The scheme could roll out to more projects if it works.
Mashreq and Alshaya roll out Mastercard rewards cards in UAE
Mashreq Bank and Alshaya Group have teamed up with Mastercard to launch three new credit cards in the UAE, offering up to 25 percent discounts and 12 percent rewards for spending at major retail and dining brands
HSBC to Exit Egyptian Retail Banking as Emirates NBD Strikes Acquisition Deal
HSBC has agreed to sell its entire Egyptian retail banking business to Emirates NBD Egypt, with the transaction expected to close in the second half of 2027 pending regulatory approval. Customers and staff face no immediate changes as the transition begins.
Emirates NBD Egypt breaks into Africa's top 100 banks after capital boost
Emirates NBD Egypt has jumped into Africa's 100 largest banks for 2026, fueled by a sharp rise in capital and assets that left many rivals behind.
Abu Dhabi Investment Arm Backs $2.34 Billion Slate Grocery REIT Buyout
A unit of Abu Dhabi Investment Authority is joining a $2.34 billion deal for Slate Grocery REIT, moving 115 US grocery-anchored shopping centers into new hands and drawing global attention to American retail property.
Personal loans in UAE hit 616 billion dirhams in 2026
Personal loans for consumer spending in the UAE soared to 616 billion dirhams by mid 2026, accounting for nearly a third of all bank credit and outpacing growth in other key sectors
UAE and India set $200 billion trade target by 2032
The UAE and India are pushing to double their trade to $200 billion by 2032, with new investment projects, financial links, and digital payment initiatives aiming to transform cross-border business and currency flows.
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